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Answer:
$4,260
Explanation:
The journal entry to record the adjustment to the allowance account includes a debit to Bad Debts Expense is given below:
Estimated Uncollectible Accounts is
= $104,000 × 5%
= $5,200
Now
Bad debt expense is
= Estimated Uncollectible accounts - credit balance in Allowance account
= $5,200 - $940
= $4,260
Answer:
Capital structure weight of the common stock = 46.43%
Explanation:
To get the capital structure weights, market values should be used.
Weight of common stock = Value Of Common Stock divided by Total Capital
and Total Capital = Value of Common stock+Value of Preferred Stock+Value of bonds
Value of common stock = 4,000 shares *$13 = $52,000
Value of preferred Stock = 500 shares*$22= $11,000
Value of bonds= 50 bonds *98% of par = 50 bonds *$1000*0.98= $49,000
Weight of common stock =
Answer:
A. not affect the total value of any of the equity accounts.
Explanation:
A balance sheet can be defined as a financial statement of an organization which is typically used to record financial informations liabilities, capital, shareholder's equity, assets, debts at a specific period of time.
In respect to a balance sheet, a stock split will not affect the total value of any of the equity accounts.
A stock split can be defined as a process in which a company divides its existing shares of the stock it owns into multiple new shares to its shareholders in proportion to the amount of their holdings. Thus, a stock split will not affect the total value of any of the equity accounts with respect to a balance sheet.
Answer:
Pick an organization within the airline industry that you are familiar with or interested in learning about. Identify an example of when a favorable cost variable would not be good news for the performance of the organization.
What department would be responsible for the variance? What would you recommend to correct the variance? Explain your reasoning.
Explanation:
In the Jet airways example, if the package price stays the same or higher but gettting a positive variation, good news are fake as this means that the number of passengers that were expected to travel, in fact diminished.